The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support to international institutions.

The Outreach and Education function engages, empowers and educates the Second District communities that the Bank serves, especially civic leaders, students, educators, small business owners, policymakers and the general public. It furthers the Bank's commitment to the region by listening to the communities we serve and leveraging our unique attributes to positively impact school and university programs, as well as analysis and research.

NEW YORK - Elizabeth Tibbals Davy, general counsel of the International Swaps and Derivatives Association since November 1996, and a former vice president and counsel at the Federal Reserve Bank of New York, is returning to the New York Fed as vice president of advisory and technical services, the bank's board of directors announced today.

Ms. Tibbals Davy will rejoin the bank on June 9. She previously joined the New York Fed in June 1994 as an officer with the title of counsel and vice president and was assigned to the legal function.

Prior to joining the bank in 1994, she spent three years as deputy superintendent and counsel of the New York State Banking Department.

Ms. Tibbals Davy holds an A.B. in English from Kenyon College and J.D. from American University's Washington College of Law.